Short Interest in China Online Education Group (NYSE:COE) Expands By 288.5% – TechNewsObserver

Posted: October 13, 2019 at 3:43 pm

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China Online Education Group (NYSE:COE) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 40,400 shares, an increase of 288.5% from the August 15th total of 10,400 shares. Approximately 3.1% of the companys shares are short sold. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is currently 4.5 days.

Separately, ValuEngine upgraded shares of China Online Education Group from a hold rating to a buy rating in a report on Thursday, August 1st.

Shares of NYSE:COE opened at $6.88 on Friday. China Online Education Group has a 52 week low of $3.68 and a 52 week high of $9.52. The companys 50 day moving average is $6.15 and its two-hundred day moving average is $6.16.

China Online Education Group (NYSE:COE) last posted its earnings results on Wednesday, September 11th. The company reported ($0.23) EPS for the quarter. The company had revenue of $51.48 million for the quarter.

About China Online Education Group

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.

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Short Interest in China Online Education Group (NYSE:COE) Expands By 288.5% - TechNewsObserver

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October 13th, 2019 at 3:43 pm

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